SandRidge Energy Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SandRidge Energy stock price down 0.610% on Wednesday
(Updated on Apr 24, 2024)
The SandRidge Energy stock price fell by -0.610% on the last day (Wednesday, 24th Apr 2024) from $14.75 to $14.66. During the last trading day the stock fluctuated 1.03% from a day low at $14.54 to a day high of $14.69. The price has fallen in 5 of the last 10 days and is down by -2.72% for this period. Volume has increased on the last day by 20 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 183 thousand shares were bought and sold for approximately $2.68 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.37% during the next 3 months and, with a 90% probability hold a price between $15.82 and $18.03 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SD Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -3.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The SandRidge Energy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $14.53 and $14.37. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SandRidge Energy stock
SandRidge Energy finds support from accumulated volume at $14.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.150 (1.03%) between high and low. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: $14.15 (-3.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (SD) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SandRidge Energy Inc to open at $14.63, and during the day (based on 14 day Average True Range), to move between $14.34 and $14.98, which gives a possible trading interval of +/-$0.317 (+/-2.16%) up or down from last closing price. If SandRidge Energy Inc takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $14.60 (0.41%) than the resistance at $14.73 (0.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
SandRidge Energy will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for SandRidge Energy, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.30% in the first trading day after earnings release.
Is SandRidge Energy Inc stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for SandRidge Energy stock to perform well in the short-term.
Current score: 1.346 Buy Candidate Unchanged
Predicted Opening Price for SandRidge Energy Inc of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $14.63 ( 0.205%) | $14.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.78 | 0.82 % | |
| R2 | 14.72 | 0.428 % | ||
| R1 | 14.69 | 0.186 % | ||
| Current price: | 14.66 | |||
| Support | S1 | 14.57 | -0.595 % | |
| S2 | 14.54 | -0.84 % | ||
| S3 | 14.48 | -1.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.07 | 2.80 % | |
| R2 | 14.75 | 0.614 % | ||
| R1 | 14.73 | 0.477 % | ||
| Current price | 14.66 | |||
| Support | S1 | 14.60 | -0.409% | |
| S2 | 14.53 | -0.89% | ||
| S3 | 11.83 | -19.30% |
SD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 06, 2024 | Mar 15, 2024 | Mar 29, 2024 | $0.110 | 0.755% |
| 2 | Mar 05, 2024 | Mar 14, 2024 | Mar 29, 2024 | $0.110 | 0.755% |
| 3 | Jan 16, 2024 | Feb 02, 2024 | Feb 20, 2024 | $1.50 | 11.89% |
| 4 | Nov 02, 2023 | Nov 10, 2023 | Nov 27, 2023 | $0.100 | 0.707% |
| 5 | Aug 01, 2023 | Aug 11, 2023 | Aug 28, 2023 | $0.100 | 0.635% |
FAQ
Click here for our free guide on how to buy SandRidge Energy Stock.
